Manager Risk and Compliance

Requirement/Person Specifications

• Bachelor’s Degree in any of the following disciplines: Risk Management, Finance, Accounting, Economics, Statistics, Actuarial Science, Insurance, Business administration, Law, or a related field from a recognized and accredited institution.
  
• Master’s Degree in any of the following disciplines: Risk Management, Strategic Management, Finance, Insurance, Business Administration, Statistics, Law, or a related field from a recognized and accredited institution .
  

Professional Qualifications

• Professional Certification in Risk Management or Compliance (e.g., CRMP, FRM, PRM,
  
• ISO 31000, ISO 37301) or its equivalent from a recognized and accredited institution.
  
• Professional qualification from the Institute and Faculty of Actuaries (IFoA) – Kenya/UK or an equivalent actuarial qualification from a recognized institution.
  
• Certified Public Accountant (CPA -K) and membership in good standing of the
  
• Institute of Certified Public Accountants of Kenya (ICPAK) or an equivalent from a recognized institution.
  
• Certificate in a leadership or management course lasting not less than four (4) weeks from a recognized and accredited institution.
  
• Valid practicing certificate from the relevant professional body, where applicable.
  
• Proficiency in computer applications.
  
• Demonstrated managerial, administrative, and professional competence in work performance and results.
  
• Fulfilment of the requirements of Chapter Six of the Constitution.
  

Experience

• Minimum of fifteen (15) years’ relevant cumulative work experience in risk management, compliance, insurance, reinsurance, or a related field, three (3) years of which must have been served in the grade of Assistant Manager, Risk
  
• Management and Compliance or in a comparable senior management position in a reputable organization.
  
• Demonstrable team management experience and proven interaction with the Board of Directors or equivalent governance structures .
  

Strategic Risk Leadership

• Develop, implement, and maintain a comprehensive Group -wide Risk Management
  
• Strategy (RMS) and framework that is approved by the Board, aligned with the
  
• Group’s overall business strategy, and incorporates risk appetite, policies, procedures, and controls.
  
• Review, update, and recommend enterprise risk management policies, processes, and frameworks while embedding a strong risk -aware culture across the Group at both entity and group -wide levels.
  
• Ensure risk management priorities and the risk management framework are fully integrated into the Group’s strategic plans, business objectives, and new significant activities or products.
  

Risk Analytics, Capital & Reserve Management

• Provide recommendations on rating methodologies, parameters, and tools to enhance the accuracy of technical pricing in line with prevailing market, economic conditions, and product offerings.
  
• Advise the Group Managing Director, Executive Management, and the Board on capital adequacy ratios, solvency positions, and capital requirements based on the internal capital model, stress testing, and scenario analyses.
  
• Make informed recommendations on technical reserves based on independent analysis of reserve valuation reports.
  

Compliance & Regulatory Oversight (including GOE -specific Requirements)

• Advise the Board and Management on emerging Anti -Financial Crime (AFC),
  
• AML/CFT, and other regulatory developments in Kenya and target markets.
  
• Maintain up -to-date knowledge of all applicable legal, regulatory, and governmental requirements across Group companies/subsidiaries (as a Government
  
• Owned Enterprise), including those from respective insurance and other regulators that the Group must comp ly with; ensure timely dissemination and monitor Group - wide compliance.
  
• Oversee the Group’s AML/CFT programme and promote a strong culture of compliance, integrity, and ethical conduct.
  

Risk Monitoring, Mitigation & Assurance

• Identify, assess, aggregate, monitor, and report on key material risks (operational,
  
• insurance, reinsurance, market, liquidity, regulatory, strategic and others) impacting
  
• the Group’s profitability, reputation, and operational resilience.
  
• Oversee risk management across all operational departments, including Risk and
  
• Control Self -Assessments (RCSA), internal controls, transaction due diligence, and risk reporting to Management and the Board Risk Committee.
  
• Co-ordinate operational audits, conduct stress testing and scenario analyses, and drive continuous improvement of the risk management and internal control systems.
  

Enterprise Risk Management & Business Enablement

• Coordinate the design, development, and implementation of Group Enterprise Risk
  
• Management (ERM) tools, systems, and processes, including mechanisms for risk identification, assessment, monitoring, reporting, and escalation.
  
• Provide leadership in aligning the Group’s organizational structure to integrate pricing, reserving, and business analytics functions under one cohesive, business - aligned team, delivering a 360 -degree view of the entire Group.
  
• Participate in new product development initiatives, providing a comprehensive
  
• Group-wide risk and compliance perspective and ensuring Board approval for any new risk exposures.
  
• Identify and drive opportunities for improving the Group’s performance, operational efficiency, optimal resource utilization, and elimination of waste while strengthening risk controls.